Upswing Fitness

Early Stage

The ultimate trainer-led online fitness community and marketplace

Analytics

Raised to Date: Raised: $50,000

Aggregate Commitments $

Platform

Wefunder

Start Date

05/31/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$30,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

309

% of Min. Goal

100%

% of Max. Goal

20%

Likelihood of Max
extremely
Avg. Daily Raise

$2,000

Momentum
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Location

West Chester, Pennsylvania

Industry

Fitness & Wellness

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Upswing Fitness, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a SaaS platform that empowers fitness trainers and gyms with online tools to scale their businesses. It is a social platform for wellness leaders and their communities and helps fitness creators monetize their content and following. Upswing Fitness connects creators to consumers and works on a high-growth and low-overhead model. Shaun Ziegler and Chris Putsch founded Upswing Fitness in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product and technology, sales and marketing, and general and administrative operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,544

$1

COGS

$111

$0

Tax

$0

$0

 

 

Net Income

$-129,307

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$272,006

$1,000

Accounts Receivable

$0

$0

Total Assets

$682,519

$1,000

Short-Term Debt

$241,193

$0

Long-Term Debt

$0

$0

Total Liabilities

$241,193

$0

Financials as of: 05/31/2022
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Upswing Fitness on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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